Many policies also contain options which allow clients to increase the amount of their cover following life events, including divorce or separation, without needing further underwriting.
It may be worth increasing this cover if clients have had to take on a new or larger mortgage or other debts.
Following a divorce or separation, a client’s existing will is unlikely to be appropriate to their new circumstances and will need reviewing.
The first step in this process is to consider what assets are theirs to pass down, and then to decide how they want these to be distributed – for example, they may have a new partner they want to include.
Following these steps can help clients to make a clean financial break as well as a new, personal beginning.
Peter Hamilton is head of strategic partnerships at Zurich